Fifth Third Bancorp Reduces Stock Holdings in onsemi $ON

Key Points

• Fifth Third Bancorp trimmed its stake in onsemi by 18.4% in Q4, selling 13,800 shares and holding 60,999 shares worth about $3.30 million after the sale.
• Several institutions were buyers — notably Pictet Asset Management raised its stake to 3,981,981 shares (≈$215.6M) — leaving institutional ownership at roughly 97.7%.
• Insiders have been net sellers (CFO sold 30,000 shares for ~$2.79M; insiders sold 146,114 shares worth ~$11.28M in 90 days), while the stock trades near ~$103 with a consensus analyst price target of $67.15 and an average rating of "Hold," highlighting a valuation disconnect.

Fifth Third Bancorp trimmed its position in onsemi (NASDAQ:ON - Free Report) by 18.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,999 shares of the semiconductor company's stock after selling 13,800 shares during the period. Fifth Third Bancorp's holdings in onsemi were worth $3,303,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fisher Funds Management LTD raised its stake in shares of onsemi by 42.0% in the third quarter. Fisher Funds Management LTD now owns 87,729 shares of the semiconductor company's stock worth $4,326,000 after buying an additional 25,949 shares during the period. Pictet Asset Management Holding SA raised its stake in shares of onsemi by 38.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,981,981 shares of the semiconductor company's stock worth $215,624,000 after buying an additional 1,112,774 shares during the period. Merit Financial Group LLC raised its stake in shares of onsemi by 75.2% in the third quarter. Merit Financial Group LLC now owns 51,748 shares of the semiconductor company's stock worth $2,552,000 after buying an additional 22,211 shares during the period. Quantbot Technologies LP raised its stake in shares of onsemi by 67.3% in the third quarter. Quantbot Technologies LP now owns 94,146 shares of the semiconductor company's stock worth $4,642,000 after buying an additional 37,881 shares during the period. Finally, Rakuten Investment Management Inc. bought a new position in shares of onsemi in the third quarter worth about $5,327,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

onsemi Stock Up 0.0%

Shares of ON opened at $103.05 on Monday. The business's 50 day moving average is $69.72 and its 200 day moving average is $60.97. The company has a market capitalization of $40.53 billion, a PE ratio of 303.10, a price-to-earnings-growth ratio of 1.05 and a beta of 1.94. onsemi has a 12-month low of $37.19 and a 12-month high of $103.32. The company has a current ratio of 4.52, a quick ratio of 2.98 and a debt-to-equity ratio of 0.39.

onsemi (NASDAQ:ON - Get Free Report) last issued its earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. onsemi had a return on equity of 12.22% and a net margin of 2.02%.The firm's quarterly revenue was down 11.2% on a year-over-year basis. During the same quarter last year, the company earned $0.95 EPS. onsemi has set its Q1 2026 guidance at 0.560-0.660 EPS. Research analysts expect that onsemi will post 2.9 earnings per share for the current fiscal year.

Insider Activity at onsemi

In other onsemi news, CFO Trent Thad sold 30,000 shares of onsemi stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $93.00, for a total value of $2,790,000.00. Following the sale, the chief financial officer owned 301,194 shares of the company's stock, valued at $28,011,042. The trade was a 9.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Hassane El-Khoury sold 20,000 shares of onsemi stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $73.02, for a total value of $1,460,400.00. Following the completion of the sale, the chief executive officer directly owned 1,015,610 shares in the company, valued at approximately $74,159,842.20. The trade was a 1.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 146,114 shares of company stock valued at $11,282,308. 0.35% of the stock is owned by company insiders.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Expanded EV collaboration with Geely — onsemi and Geely have broadened their electric-vehicle technology partnership, reinforcing onsemi’s exposure to a major automaker and strengthening revenue visibility in the EV powertrain market. Onsemi-Geely EV tech collaboration
• Positive Sentiment: Design win in solar + energy storage — onsemi is powering Sineng Electric’s advanced solar and energy-storage solutions, highlighting traction in renewable energy and grid-edge applications that diversify end markets beyond automotive. Onsemi powers Sineng Electric
• Neutral Sentiment: Positive press on performance and long-term returns — multiple market write-ups (including a 10‑year performance piece and "laps the market" coverage) are drawing investor attention to onsemi’s run; useful for sentiment but not new fundamental guidance. 10-year return piece
• Negative Sentiment: Insider sale by CFO — a public filing shows onsemi’s CFO sold approximately $2.79M of stock on April 30; while routine sales occur, some investors view insider selling as a potential signal to take profits or add volatility. CFO Insider Sale

Wall Street Analyst Weigh In

Several research firms have recently commented on ON. Benchmark downgraded onsemi from a "buy" rating to a "hold" rating in a research note on Tuesday, February 10th. Citigroup raised their price objective on onsemi from $66.00 to $68.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 10th. Truist Financial raised their price objective on onsemi from $57.00 to $66.00 and gave the stock a "hold" rating in a research note on Tuesday, February 10th. Mizuho decreased their price objective on onsemi from $72.00 to $70.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 10th. Finally, BNP Paribas Exane raised onsemi from a "strong sell" rating to a "hold" rating in a research note on Thursday, January 22nd. Fourteen research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, onsemi currently has an average rating of "Hold" and a consensus price target of $67.15.

About onsemi

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions.

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